Focused Investors LLC Long-Term Concentrated

CIK: 0001426398 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Jan 27, 2026

Total Value ($000): $3,141,057 (100.0% shares, 0.0% debt)

Holdings (22)

Increased Positions (3)

PEP PepsiCo, Inc. 5.0%

Value ($000) $157,980 (+57.4%) Shares 1,100,750 (+54.0%) Est. Cost $102.88 Unrealized +41.8%

DIS The Walt Disney Company 5.5%

Value ($000) $173,277 (+12.7%) Shares 1,523,050 (+13.4%) Est. Cost $94.31 Unrealized +16.1%

GPN Global Payments Inc. 3.6%

Value ($000) $113,174 (+13.1%) Shares 1,462,200 (+21.4%) Est. Cost $96.47 Unrealized -16.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PEP	PepsiCo, Inc.	1,100,750 (+54.0%)	$157,980 (+57.4%)	5.0%	$102.88	+41.8%	COM	713448108
DIS	The Walt Disney Company	1,523,050 (+13.4%)	$173,277 (+12.7%)	5.5%	$94.31	+16.1%	COM	254687106
GPN	Global Payments Inc.	1,462,200 (+21.4%)	$113,174 (+13.1%)	3.6%	$96.47	-16.8%	COM	37940X102

Exited Positions (1)

FISV Fiserv, Inc. 6.5%

Value ($000) $202,646 Shares 1,571,750 Est. Cost $117.17 Unrealized -28.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FISV	Fiserv, Inc.	1,571,750	$202,646	6.5%	$117.17	-28.4%	—	337738108

Decreased Positions (19)

ORCL Oracle Corporation 2.1%

Value ($000) $66,864 (-32.5%) Shares 343,050 (-2.6%) Est. Cost $73.60 Unrealized +223.5%

FDX FedEx Corporation 4.4%

Value ($000) $138,884 (+19.0%) Shares 480,800 (-2.9%) Est. Cost $202.10 Unrealized +29.4%

MS Morgan Stanley 7.1%

Value ($000) $223,501 (+8.0%) Shares 1,258,950 (-3.3%) Est. Cost $26.49 Unrealized +528.4%

HD The Home Depot, Inc. 2.3%

Value ($000) $73,190 (-18.0%) Shares 212,700 (-3.4%) Est. Cost $174.64 Unrealized +108.8%

JNJ Johnson & Johnson 6.3%

Value ($000) $198,589 (+8.8%) Shares 959,600 (-2.6%) Est. Cost $91.62 Unrealized +115.0%

MSFT Microsoft Corp. 4.7%

Value ($000) $148,278 (-9.5%) Shares 306,600 (-3.1%) Est. Cost $29.83 Unrealized +1578.2%

GS The Goldman Sachs Group, Inc. 7.8%

Value ($000) $244,626 (+6.7%) Shares 278,300 (-3.4%) Est. Cost $203.85 Unrealized +299.0%

CI The Cigna Group 6.2%

Value ($000) $195,138 (-7.3%) Shares 709,000 (-2.9%) Est. Cost $215.04 Unrealized +29.9%

AXP American Express Co. 5.1%

Value ($000) $160,762 (+8.5%) Shares 434,550 (-2.6%) Est. Cost $72.91 Unrealized +389.6%

UNH UnitedHealth Group Inc. 5.3%

Value ($000) $165,748 (-7.0%) Shares 502,100 (-2.7%) Est. Cost $196.32 Unrealized +71.8%

NOC Northrop Grumman Corporation 3.8%

Value ($000) $118,433 (-8.2%) Shares 207,700 (-1.9%) Est. Cost $300.74 Unrealized +92.5%

ELV Elevance Health, Inc. 5.8%

Value ($000) $183,232 (+5.7%) Shares 522,700 (-2.6%) Est. Cost $175.26 Unrealized +92.1%

RTX RTX Corporation 4.4%

Value ($000) $139,393 (+6.7%) Shares 760,050 (-2.7%) Est. Cost $58.86 Unrealized +194.5%

LHX L3Harris Technologies, Inc. 4.1%

Value ($000) $128,349 (-6.3%) Shares 437,200 (-2.5%) Est. Cost $181.57 Unrealized +58.9%

LOW Lowe's Companies, Inc. 3.4%

Value ($000) $107,425 (-6.4%) Shares 445,450 (-2.5%) Est. Cost $191.82 Unrealized +25.0%

CNC Centene Corporation 1.7%

Value ($000) $52,028 (+12.2%) Shares 1,264,350 (-2.7%) Est. Cost $59.23 Unrealized -36.8%

LMT Lockheed Martin Corp. 2.6%

Value ($000) $80,821 (-5.7%) Shares 167,100 (-2.7%) Est. Cost $324.64 Unrealized +46.7%

TJX The TJX Companies, Inc. 4.6%

Value ($000) $143,825 (+3.5%) Shares 936,300 (-2.6%) Est. Cost $54.44 Unrealized +171.3%

MCD McDonald's Corporation 4.1%

Value ($000) $127,539 (-2.1%) Shares 417,300 (-2.7%) Est. Cost $82.55 Unrealized +269.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ORCL	Oracle Corporation	343,050 (-2.6%)	$66,864 (-32.5%)	2.1%	$73.60	+223.5%	COM	68389X105
FDX	FedEx Corporation	480,800 (-2.9%)	$138,884 (+19.0%)	4.4%	$202.10	+29.4%	COM	31428X106
MS	Morgan Stanley	1,258,950 (-3.3%)	$223,501 (+8.0%)	7.1%	$26.49	+528.4%	COM	617446448
HD	The Home Depot, Inc.	212,700 (-3.4%)	$73,190 (-18.0%)	2.3%	$174.64	+108.8%	COM	437076102
JNJ	Johnson & Johnson	959,600 (-2.6%)	$198,589 (+8.8%)	6.3%	$91.62	+115.0%	COM	478160104
MSFT	Microsoft Corp.	306,600 (-3.1%)	$148,278 (-9.5%)	4.7%	$29.83	+1578.2%	COM	594918104
GS	The Goldman Sachs Group, Inc.	278,300 (-3.4%)	$244,626 (+6.7%)	7.8%	$203.85	+299.0%	COM	38141G104
CI	The Cigna Group	709,000 (-2.9%)	$195,138 (-7.3%)	6.2%	$215.04	+29.9%	COM	125523100
AXP	American Express Co.	434,550 (-2.6%)	$160,762 (+8.5%)	5.1%	$72.91	+389.6%	COM	025816109
UNH	UnitedHealth Group Inc.	502,100 (-2.7%)	$165,748 (-7.0%)	5.3%	$196.32	+71.8%	COM	91324P102
NOC	Northrop Grumman Corporation	207,700 (-1.9%)	$118,433 (-8.2%)	3.8%	$300.74	+92.5%	COM	666807102
ELV	Elevance Health, Inc.	522,700 (-2.6%)	$183,232 (+5.7%)	5.8%	$175.26	+92.1%	COM	036752103
RTX	RTX Corporation	760,050 (-2.7%)	$139,393 (+6.7%)	4.4%	$58.86	+194.5%	COM	75513E101
LHX	L3Harris Technologies, Inc.	437,200 (-2.5%)	$128,349 (-6.3%)	4.1%	$181.57	+58.9%	COM	502431109
LOW	Lowe's Companies, Inc.	445,450 (-2.5%)	$107,425 (-6.4%)	3.4%	$191.82	+25.0%	COM	548661107
CNC	Centene Corporation	1,264,350 (-2.7%)	$52,028 (+12.2%)	1.7%	$59.23	-36.8%	COM	15135B101
LMT	Lockheed Martin Corp.	167,100 (-2.7%)	$80,821 (-5.7%)	2.6%	$324.64	+46.7%	COM	539830109
TJX	The TJX Companies, Inc.	936,300 (-2.6%)	$143,825 (+3.5%)	4.6%	$54.44	+171.3%	COM	872540109
MCD	McDonald's Corporation	417,300 (-2.7%)	$127,539 (-2.1%)	4.1%	$82.55	+269.6%	COM	580135101